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NeraTel reports 76% rise in 4Q earnings to $2.3 mil on higher sales

PC Lee
PC Lee2/27/2018 10:31 PM GMT+08  • 2 min read
NeraTel reports 76% rise in 4Q earnings to $2.3 mil on higher sales
SINGAPORE (Feb 27): Nera Telecommunications reported a 76% increase in 4Q17 earnings to $2.3 million from $1.3 million a year ago.
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SINGAPORE (Feb 27): Nera Telecommunications reported a 76% increase in 4Q17 earnings to $2.3 million from $1.3 million a year ago.

Revenue for 4Q17 increased 20.2% to $59.6 million driven by higher sales from both the network infrastructure and wireless infrastructure network business segments.

Sales from network infrastructure increased by 14.7% to $35.9 million mainly due to higher turnover booked from service provider markets in Singapore, the Philippines and Australia.

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